🚨 Trump Moves to Establish Fund That Could Buy TikTok Amid National Security Concerns‼️ On Monday, U.S. President Donald Trump issued an executive order directing the Treasury and Commerce Departments to set up a sovereign wealth fund, indicating that it might be used to acquire TikTok. The popular platform boasts around 170 million users in America and was temporarily taken offline just prior to the enactment of a law on January 19. This legislation mandated its Chinese parent company, ByteDance, to either divest its stakes in the app due to national security issues or face a potential ban.
#tiktok #trump #executiveorder #nationalsecurity #socialmedia #tiktokban #sovereignwealthfund #financialnews https://www.reuters.com/markets/deals/perplexity-ai-revises-tiktok-merger-proposal-that-could-give-us-government-50-2025-01-26/